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<keyword id="2057257" type="PERSON" weightage="20" keywordseo="Bhavin-Turakhia">Bhavin Turakhia</keyword>, the serial entrepreneur who found five companies is a role model for a number of aspiring entrepreneurs. Starting his first company as early as 17 years, he rose up to create a list of firms driven by his belief, “It is our moral obligation to make an impact that is proportionate to our potential”. Through a series of technology-led innovations, he strove through his ventures to solve problems and maximizing efficiency, which he kept as the watchwords behind every achievement. Some interesting facts about Bhavin Turakhia that will inspire you. He founded three companies at the age of 17 Bhavin Turakhia co-founded Resellerclub, Logicboxes and BigRock at the age of 17. In 2014, all these companies were sold in a deal worth $160 million. At present, he heads Radix, a leader in registry for top-rated extensions, Flock, a portfolio of productivity apps, and Zeta, a platform for digital payments. Education and childhood He attended the Arya Vidya Mandir school in Bandra , Mumbai and later, enrolled himself DG Ruparel College only to drop the course midway. In an <a href="https://www.bbc.co.uk/programmes/n3ct5grl">interview with the BBC</a> , he said he discontinued the course since he learnt most of the syllabus himself. He then moved to complete his bachelor’s degree in commerce from Sydenham College of Commerce and Economics. As a child, he dedicated a lot of time to coding. Their father bought the first coding book at the age of eight. “ I would spend all of my short breaks, lunch breaks, several hours after school every day. My dad would buy me tons of programming books, and I would go through them one after another. I went through more than 25, 30 different books to learn programming and GW-BASIC, Visual Basic, and CC++ on MS-DOS back in the day. Turakhia is worth $1.3 bilion In 2016, Forbes ranked him along with his brother Divyank Turakhia as the 95th richest person in India credited with a net worth of US$ 1.3 billion. The World Economic Forum honored him as Young Global leader in 2011. According to Forbes, the Turakhia brothers were millionaires even before they were 20 years old. Their networth rose to $300 million in their mid-20s. They are among the youngest billionaires in the country. His mantra for success The billionaire entrepreneur says his mantra for success was a quote which his father often used to say, ‘You can achieve anything you set your mind to’. Turakhia says this mantra ringed in his ears all the time steering his journey towards success. ‘Family matters a lot’ Turakhia has a strong opinion that family plays a big role in shaping every individual. Talking about his father, he says, “Everything I am today is in many ways thanks to my father. He used to work from nine to nine everyday just to make ends meet. But this is what he used to say. Sometimes we’d be like, ‘Dad, we know’. But the number of times it was repeated, you really internalize it.” Future plans to venture US with ZETA The four-year old Zeta, started with Indian banks, and subsequently branched out to countries like Brazil, the Philippines, and Vietnam. But now Turakhia has plans to take Zeta to US and other European markets like Italy and Spain. See Also: <a href="https://www.businessinsider.in/paytm-founder-vijay-shekhar-sharma-unknown-facts/articleshow/69941150.cms">Paytm Founder Vijay Shakhar Sharma</a> <a href="https://www.businessinsider.in/10-interesting-facts-about-gautam-adani-that-you-should-know/articleshow/69900616.cms">Interesting facts about Gautam Adani</a> <a href="https://www.businessinsider.in/thelife/personalities/news/interesting-facts-about-binny-bansal-the-co-founder-and-former-ceo-of-flipkart-to-inspire-uou/articleshow/74474891.cms">Interesting facts about Binny Bansal</a>

Interesting facts of Bhavin Turakhia, Founder and CEO of Directi

<ul><li><keyword id="28120" type="CITY" weightage="20" keywordseo="Linkedin">LinkedIn</keyword> has 47 million in India alone.</li><li>People would rather work for <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> than it's international competitor <keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword>. </li><li>At number 13, <keyword id="354768" type="COMPANY" weightage="20" keywordseo="Expedia">Expedia</keyword> is 5 notches above India's travel giant <keyword id="54613" type="COMPANY" weightage="20" keywordseo="makemytrip">MakeMyTrip</keyword>. </li></ul>An unusual trend amongst job aspirants in India has been unearthed - they would rather work for homegrown companies like <keyword id="1076906" type="ORGANIZATION" weightage="20" keywordseo="Directi">Directi</keyword> and Flipkart than international giants like Amazon and Alphabet. This is as per <a href="https://www.linkedin.com/pulse/linkedin-top-companies-2018-where-india-wants-work-now-abhigyan-chand/">LinkedIn’s annual list of top companies ‘Where India Wants to Work’</a>. The report is generated based entirely on the actions taken by its users, which is a whopping 546 million professionals worldwide. Of these, over 47 million are in India alone. The list is based on four metrics – job demand, engagement with the company, interest in the company’s employees and employee retention. LinkedIn (and Microsoft, it’s parent company) is not a part of this list. Directi: Top of the charts Directi wasn’t even on the list last year, but has managed to top it this year. It has over 1500 employees worldwide and its portfolio companies include – Radix, Ringo, Flock, Zeta and Codechef. If you get past their interviews, you will get a Kindle as part of the welcome kit, although scoring a job here isn’t easy. Flipkart &gt; Amazon It’s strange but it’s true. People would rather work for Flipkart than it's international competitor Amazon. Flipkart came in at number two whereas Amazon came fourth on the list. Will that affect the great Indian e-commerce battle? Expedia trumps MakeMyTrip Not all Indian companies are preferred over their international counterparts. At number 13, Expedia is 5 notches above India's travel giant MakeMyTrip. Though MakeMyTrip is India’s largest online travel agency with a 75% market share, aspirants would rather work for its international competitor, Expedia, says the report. Perhaps Expedia's scrapping of the performance ratings to focus on providing employees with ongoing feedback has something to do with it. Either way, MakeMyTrip still has a 3.8 rating <a href="https://www.glassdoor.co.in/Overview/Working-at-MakeMyTrip-EI_IE354629.11,21.htm">on Glassdoor</a>, so it’s probably not a bad place to work. <keyword id="6354720" type="PERSON" weightage="20" keywordseo="Ola">Ola</keyword> is at number 16 and Uber is at... well, erm, not even on the list. Ola raised $1.1 billion funding from Tencent and SoftBank that gave it the artillery to combat arch-rival Uber. It also made its move abroad with the launch of its first offshore fleet in Sydney, Australia earlier this month. However, Ola has dropped 11 slots since last year when it was rated 5th in the 2017 version of this report. Speaking of <a href="https://www.linkedin.com/pulse/linkedin-top-companies-2017-where-india-wants-work-now-adith-charlie/">last year</a>, Flipkart was at the top, but has fallen to two; <keyword id="6358977" type="PERSON" weightage="20" keywordseo="Swiggy">Swiggy</keyword>, HCL Technologies, Capgemini, Accenture, Tech Mahindra, Cisco, IDFC Bank, Wipro, Tata Communications, Vodafone, Cognizant, Grofers and Oracle were all in the list last year but not this year; and new entrants include Directi, Anheuser-Busch InBev (the company owns beer brands like Stella Artois, Budweiser and more), EY and Daimler AG.

Indian job seekers prefer homegrown companies to international ones: LinkedIn

<keyword id="1076906" type="ORGANIZATION" weightage="100" keywordseo="Directi">Directi</keyword> is a <a href="http://www.businessinsider.in/searchresult.cms?query=mumbai&amp;sortorder=effectivedate">Mumbai</a>-based <a href="http://www.businessinsider.in/searchresult.cms?query=tech+company&amp;sortorder=effectivedate">tech company</a> that was founded by <keyword id="2057257" type="PERSON" weightage="100" keywordseo="Bhavin-Turakhia">Bhavin Turakhia</keyword> back in 1998. Over the years, the group has come to consist of multiple business units which are run independently by their respective management teams. 
 
The Directi portfolio includes numerous companies such as Media.net, Skenzo, Radix, Ringo, Flock, Zeta and Codechef to name a few. One unique feature of all of Directi businesses are the fact that they are all bootstrapped and extremely profitable. None of their 11 businesses have any external debt or investments. 
 
Thus, the company employs over 1500 people across 8 offices around the world catering to over 9 million customers and raking in revenues of over $300 million every year. 
 
At first glance, Directi may seem like any other entity in the burgeoning list of companies that exist in the Indian landscape. But, as you delve deeper, you find that there’s more to what meets the eye. 
 
Being a company that focuses primarily on technology comes with its own set of challenges- the chief being finding the right set of people who can help the organisation reach its targets and grow. But, as the company soon found out, that was easier said than done. 
 The founders soon realised that the root of this problem was the generic <keyword id="606888" type="UNKNOWN" weightage="100" keywordseo="hiring-process">hiring process</keyword> which comprised aspirants coming in with their resumes and giving a half-hearted interview. 
 
Culture-fit was an important part of the organisation from the beginning itself and the company soon realised that it was impossible to gauge the know-how or creativity of candidates just by holding a generic <a href="http://www.businessinsider.in/searchresult.cms?query=hiring+process&amp;sortorder=effectivedate">hiring process</a> like every other company. 
 
It was time to be different. And, thus STAR was born. To understand candidates better, Directi started using an approach called STAR - Situation, Task, Action and Result. 
 
 
 
It started assigning case studies to candidates across all functions and positions as part of the hiring process. Since these case studies are quite extensive, candidates are given enough time to come up with a solution. This, the company believes is an excellent tool to evaluate an individual’s competency to think on their feet in a stressful situation and was anyday better than them answering a question on the same. 
 
As time passed, the company started introducing more and more task-oriented hiring processes. For instances, candidates applying for tech roles are often asked to develop web applications using a bunch of technologies or they are asked to make an existing app using a different language. Bonus points are awarded to candidates who come up with additional features like integration with Facebook. 
 
The most unique interview has definitely been when the company asked candidates to solve a Rubik’s cube to test their problem solving ability. 
 
Directi also goes a step ahead and keeps asking unusual questions to test the ability of a candidate to think out of the box, from time to time. 
 
For example, candidates who applied for sales and design positions in the company had to answer questions like- “How many flights are in the air over Mumbai right now?”, “How many diapers are sold in Mumbai every day?” and even “How will you design a spice rack for blind people?”. 
 
That sounds like one fun interview. We wonder what the candidates answered!

This Indian tech company has one of the most fun
hiring processes ever

<keyword id="2085190" type="UNKNOWN" weightage="100" keywordseo="Online-grocery-stores">Online grocery stores</keyword> are gaining popularity in India due to sheer convenience, ease of shopping and a fast-growing market. Globally, <keyword id="2085193" type="UNKNOWN" weightage="100" keywordseo="Online-grocery-retail">online grocery retail</keyword> is growing nearly 7 times faster than on-ground formats and the <keyword id="47445" type="UNKNOWN" weightage="100" keywordseo="Indian-market">Indian market</keyword> may soon catch up. For one, the <keyword id="156795" type="UNKNOWN" weightage="100" keywordseo="indian-retail-industry">Indian retail industry</keyword> is estimated to be worth over $500 billion (one of the world’s top 5 markets) and 30-40% of the businesses will be in the online retail space over the next 7 years., This presents a great opportunity for any form of e-tailing, especially the <keyword id="2085203" type="UNKNOWN" weightage="100" keywordseo="E-grocery-space">e-grocery space</keyword>. 
 As of now, <keyword id="2085207" type="UNKNOWN" weightage="100" keywordseo="Grocery-e-tailing-in-India">grocery e-tailing in India</keyword> is a largely unorganised space and poses a big challenge in terms of stiff <keyword id="2085206" type="UNKNOWN" weightage="100" keywordseo="Entry-barriers">entry barriers</keyword>. The traditional methods of inventory and <keyword id="2085212" type="UNKNOWN" weightage="100" keywordseo="Logistics-management">logistics management</keyword> call for intense cash-burning – a business condition most of the bootstrapped Indian start-ups fail to meet. Moreover, a <keyword id="2085209" type="UNKNOWN" weightage="100" keywordseo="Series-A-funding-crunch">Series A funding crunch</keyword> also compelled companies like Mumbai-based <keyword id="2048780" type="UNKNOWN" weightage="100" keywordseo="ShopVeg">ShopVeg</keyword> to shut down operations. Therefore, when another Mumbai-based start-up decided to start grocery e-tailing in the same year, things were not looking too exciting for the newcomer. But 22 months later, <keyword id="2009014" type="UNKNOWN" weightage="100" keywordseo="LocalBanya-com">LocalBanya.com</keyword> has managed to set up Mumbai’s first online supermarket and also raised <keyword id="6793689" type="UNKNOWN" weightage="100" keywordseo="Series-A-funding">Series A funding</keyword> for the next level of expansion. 
 Although there were predecessors that attempted various models of grocery retail in the digital space and failed, <keyword id="2047523" type="UNKNOWN" weightage="100" keywordseo="LocalBanya">LocalBanya</keyword> has adapted a <keyword id="2085214" type="UNKNOWN" weightage="100" keywordseo="Lean-business-model">lean business model</keyword> that relies on a convenient mix of <keyword id="96173" type="PERSON" weightage="100" keywordseo="warehousing">warehousing</keyword> and <keyword id="512818" type="UNKNOWN" weightage="100" keywordseo="cash-and-carry">cash-and-carry</keyword>. This has reduced the start-up’s dependence on capital-intensive operations and enabled it to put in place a thoroughly efficient <keyword id="118965" type="PERSON" weightage="100" keywordseo="Supply-chain">supply chain</keyword>. In addition, the company has adopted some unique measures to take <keyword id="2085217" type="UNKNOWN" weightage="100" keywordseo="Customer-convenience">customer convenience</keyword> to the next level. Want to know more about LocalBanya and how it works? Here is a snapshot that captures the start-up’s vision and viability. 
 
Who runs LocalBanya (www.localbanya.com): A team of three co-founders – <keyword id="2085179" type="UNKNOWN" weightage="100" keywordseo="Karan-Mehrotra">Karan Mehrotra</keyword> (<keyword id="5645" type="POSITION" weightage="100" keywordseo="CEO">CEO</keyword>), <keyword id="2085180" type="UNKNOWN" weightage="100" keywordseo="Rashi-Choudhary">Rashi Choudhary</keyword> (COO) and <keyword id="1251820" type="PERSON" weightage="100" keywordseo="Amit-Naik">Amit Naik</keyword> (<keyword id="238078" type="POSITION" weightage="100" keywordseo="CTO">CTO</keyword>). Karan is the brain behind LocalBanya and set up the entire infrastructure with just 14 employees. He is a <keyword id="163598" type="POSITION" weightage="60" keywordseo="computer-engineer">computer engineer</keyword> and prior to starting up, worked for his family business as a distributor for <keyword id="123278" type="UNKNOWN" weightage="100" keywordseo="FMCG-firms">FMCG firms</keyword>. He has 11 years of work experience in varied fields – from turning around a chain of restaurants to setting up metal fabrication plants to building a food distribution network. 
 Amit holds an MBA from IIM-Lucknow and he is also a Six Sigma Black Belt from the American Society for Quality. He had six years of top tier experience in ad-tech and earlier worked for <keyword id="1076906" type="ORGANIZATION" weightage="80" keywordseo="Directi">Directi</keyword> and <keyword id="45475" type="CITY" weightage="80" keywordseo="Larsen-Toubro">Larsen &amp; Toubro</keyword>. Rashi holds a Global MBA from <keyword id="1433263" type="UNKNOWN" weightage="60" keywordseo="SP-Jain-School-of-Global-Management">SP Jain School of Global Management</keyword> and brings four years of experience in <keyword id="6553136" type="UNKNOWN" weightage="100" keywordseo="retailing">retailing</keyword>, consulting and <keyword id="169305" type="ORGANIZATION" weightage="100" keywordseo="customer-service">customer service</keyword>. Prior to joining LocalBanya, she worked with the <keyword id="244481" type="COMPANY" weightage="60" keywordseo="Raymond-Group">Raymond Group</keyword>. 
 The trio had been working on the concept for some time and the site went live in May 2012. LocalBanya is now in beta and the e-grocer has over 130 employees operating across Mumbai, Thane and <keyword id="57321" type="PERSON" weightage="100" keywordseo="Navi-Mumbai">Navi Mumbai</keyword>. 
 
What inspired the venture: The desire to go one step ahead of your <keyword id="2085220" type="UNKNOWN" weightage="100" keywordseo="Local-grocer">local grocer</keyword> who accepts orders on phone. “Apparently, it was convenient but there was something lacking. You can’t browse the inventory when ordering on phone; the choices are not many (after all, a kirana or <keyword id="2085221" type="UNKNOWN" weightage="100" keywordseo="Mom-and-pop-store">mom-and-pop store</keyword> won’t keep exotic or imported items as those are a bit expensive) and finally, there’s no organised system (accountable, responsible and prompt),” says Karan. So up came LocalBanya, an online supermarket selling around 12,000 products across 17 categories and adding more every day. 
 
What’s the pitch: LocalBanya.com is an <keyword id="2085223" type="UNKNOWN" weightage="100" keywordseo="Online-convenience-store">online convenience store</keyword> dedicated to YOU (customers). The e-grocer offers high quality products and hassle-free delivery that save time, energy and money. “If you are <keyword id="62452" type="UNKNOWN" weightage="100" keywordseo="grocery-shopping">grocery shopping</keyword> 4-5 times a month or looking for something special, imagine the kind of supermarket trips you have to make and how you have to run from shop to shop,” points out Karan. “But having the entire bulk procured for you and delivered to your place, at the time you want it, would make things extremely convenient and lure the customers,” he adds. Karan, however, feels that the industry is huge enough to allow kirana stores, large-format retailers and e-retailers to survive and grow in the same marketplace. 
 
How it works: As of now, LocalBanya is targeting the <keyword id="6756404" type="UNKNOWN" weightage="100" keywordseo="urban-population">urban population</keyword> and the customer base varies from <keyword id="2085227" type="UNKNOWN" weightage="100" keywordseo="Single-professionals">single professionals</keyword>, <keyword id="632195" type="UNKNOWN" weightage="100" keywordseo="working-couples">working couples</keyword>, <keyword id="168112" type="UNKNOWN" weightage="100" keywordseo="Nuclear-families">nuclear families</keyword> and <keyword id="3216" type="ORGANIZATION" weightage="100" keywordseo="students">students</keyword> fending for themselves to <keyword id="1400200" type="UNKNOWN" weightage="100" keywordseo="new-mothers">new mothers</keyword>, <keyword id="20566" type="UNKNOWN" weightage="100" keywordseo="senior-citizens">senior citizens</keyword> and even <keyword id="2085229" type="UNKNOWN" weightage="100" keywordseo="Large-families">large families</keyword>. 
 “People come to us for a wide selection of goods (otherwise, they will have to visit 2-3 stores to make a purchase), convenience and great pricing. We deliver that convenience with exceptional levels of customer service, <keyword id="2085230" type="UNKNOWN" weightage="100" keywordseo="Preferred-delivery-times">preferred delivery times</keyword>, same-day deliveries, fresh produce and efficient &amp; reliable suppliers. We also take product suggestions from our customers and ensure that the products are online in a fortnight,” details the LocalBanya team. The <keyword id="2085232" type="UNKNOWN" weightage="100" keywordseo="Procurement-model">procurement model</keyword> includes a convenient mix of warehousing and just-in-time (<keyword id="377986" type="ORGANIZATION" weightage="100" keywordseo="JIT">JIT</keyword>) deliveries from a host of suppliers including <keyword id="34523" type="CITY" weightage="80" keywordseo="fmcg">FMCG</keyword> companies, cash-and-carry outlets and other distributors. 
 Shopping for groceries on the LocalBanya platform is also kept simple. You just have to register or connect through Facebook before browsing the categories and the products. Once you make the purchase, the order is processed and ready for delivery within 6 hours. Delivery is done as per your time slot selection. The company offers 6 slots (of 2 hours each), from 7 in the morning until midnight, and one can choose any of those. Customers also enjoy <keyword id="2085234" type="UNKNOWN" weightage="100" keywordseo="Banya-Points-rewards-programme">Banya Points rewards programme</keyword> and these points are redeemed for cash discounts on every purchase. 
 
Claim to fame: <keyword id="900658" type="UNKNOWN" weightage="100" keywordseo="traction">Traction</keyword> and <keyword id="232730" type="POSITION" weightage="100" keywordseo="business-model">business model</keyword>. The start-up claims that it currently reaches over 10,000 homes a month and delivers 500-plus orders a day. Interestingly, nearly one-third of its orders are from <keyword id="1189616" type="UNKNOWN" weightage="100" keywordseo="institutional-clients">institutional clients</keyword> while senior citizens and <keyword id="58225" type="ORGANIZATION" weightage="100" keywordseo="NRIs">NRIs</keyword> constitute over 16% of the customer base. But what matters most is the <keyword id="2085235" type="UNKNOWN" weightage="100" keywordseo="Lean-infrastructure">lean infrastructure</keyword> set-up for reducing asset liabilities. 
 
Show me the money: Since its <keyword id="85080" type="ENTERTAINMENT" weightage="100" keywordseo="Inception">inception</keyword> in May 2012, LocalBanya has done around Rs 15 crore in gross revenues. The start-up is projected to grow 40% month on month over the next 15-18 months and eyes <keyword id="486782" type="UNKNOWN" weightage="100" keywordseo="break-even">break-even</keyword> in the existing markets (Mumbai, Thane and Navi Mumbai) by June this year. 
 LocalBanya was initially bootstrapped, but has already raised two rounds of <keyword id="6357455" type="EVENT" weightage="100" keywordseo="Funding">funding</keyword>. It is now in talks with investors to raise a Series B round by March 2014. In January this year, the start-up secured an undisclosed amount in Series A funding from <keyword id="2009015" type="UNKNOWN" weightage="80" keywordseo="Karmvir-Avant-Group">Karmvir Avant Group</keyword>, a real estate developer in Mumbai. Earlier, it had raised funding from <keyword id="2085241" type="UNKNOWN" weightage="100" keywordseo="Times-Groups-Brand-Capital-Springboard">Times Group’s Brand Capital Springboard</keyword> platform. “The Series A round will last us for a year and help fuel our growth at a faster rate as we scale up operations, hiring and marketing. We are also looking to start operations in a new city within a quarter,” says Karan. 
 
Biggest challenge: Competition abounds in online grocery retail space but containing cash-burning is most crucial when it comes to inventory, supply chain and logistics. Streamlining the supply chain and <keyword id="2085210" type="UNKNOWN" weightage="100" keywordseo="Inventory-management">inventory management</keyword> is an uphill task but a lean procurement set-up, use of <keyword id="2085238" type="UNKNOWN" weightage="100" keywordseo="Leased-delivery-vehicles">leased delivery vehicles</keyword>, <keyword id="2085242" type="UNKNOWN" weightage="100" keywordseo="In-house-delivery-personnel">in-house delivery personnel</keyword> (for ease of management) and a well-structured <keyword id="2085243" type="UNKNOWN" weightage="100" keywordseo="Region-mapping">region mapping</keyword> that enables effective coverage of the city have helped the start-up cut down on costs. 
 
Five takeaways: In nearly 2 years of operation, LocalBanya has seen some interesting trends in <keyword id="2085200" type="UNKNOWN" weightage="100" keywordseo="Online-grocery-shopping">online grocery shopping</keyword> behaviour and Karan &amp; his team want to share it with the budding wannapreneurs and all our readers. So here we go: 
 
59% of the transactions on the site are done by women. 
 
Senior citizens are a sizeable 14% of the customer base due to the convenience of online retail. 
 
A sizeable 2.1% of transactions are done by NRIs to have groceries delivered to their relatives in Mumbai. 
 
Institutional clients including restaurants, corporate houses, co-operative societies and any other organisation requiring groceries in bulk have seen the advantage of e-grocery and 29% of the business comes from these channels. 
 
Around 11% of LocalBanya’s deliveries are done during the 10 pm-12 midnight slot. And the last trend brings us back to the convenience factor. How many e-grocers or physical retail stores in India would be doing that in a bid to break out of the pack?

This E-grocery Start-up Uses A Lean Model For Its Online Supermarket; In Talks To Raise Series B
Funding

Mumbai, Jan 22 () Serial entrepreneur Bhavin Turakhia on Wednesday said he is focusing on taking his newest business Zeta to the US and Europe as he looks to decrease the fintech firm's reliance on India for revenues.
 The 40-year-old billionaire said the company is not looking at any acquisitions or stake sales at present, but will be open for a strategic investor coming in like French player Sodexo.
 Turakhia said over USD 70 million has been invested in the company, including USD 40 million by him and co-founders and USD 30 million by Sodexo, for creating a product suite targeted at banks.
 "We have been building the product for four years and 
will be launching in US, which is the biggest market for fintechs, and European countries this year," Turakhia told .
 He said all his previous businesses, including Directi, have depended on overseas clients for revenues, but Zeta has been an exception, wherein it sold services to Indian banks initially, and then branched out to Brazil, the Philippines and Vietnam in its four-year journey till now.
 The UK, Italy and Spain are the markets in Europe the company is looking at, Turakhia said, adding it takes up to six months for customising a product to local compliance requirements and ensuring connectivity with local financial switches.
 The company launched the suite called 'Tachyon' on Wednesday, wherein it has integrated a host of applications and services into a single suite. 
 The company is looking at increasing its total headcount to 650 by end of March 2021, and half of the incremental talent will be hired overseas across functions, Turakhia said.
 It will continue to look at India as a key for its engineering and product development activities, but will also hire talent for this function overseas, he said.
 At present, it counts on Kotak Mahindra Bank, RBL Bank, IDFC Bank, ICICI Bank and HDFC Bank as among clients, Turakhia said, adding that it has also developed core banking softwares for which it is in a few conversations.
 Typically, a new age bank or one which is entering into a new vertical like credit cards is the one which will be looking for the core banking solution, he said, adding the company sees the ongoing mergers of state-run banks as an opportunity.
 Turakhia said the company will be "self sufficient" from a cash flow perspective and added that it does not require any external capital. It has last raised capital at a USD 300 million valuation. AA MR
MR

Bhavin Turakhia looks to take fintech product to US, Europe

The final placements at <keyword id="481185" type="ORGANIZATION" weightage="20" keywordseo="Management-Development-Institute">Management Development Institute</keyword> (<keyword id="6510154" type="ORGANIZATION" weightage="20" keywordseo="MDI">MDI</keyword>) in <a href="http://www.businessinsider.in/searchresult.cms?query=Gurgaon+&amp;sortorder=effectivedate">Gurgaon </a>are over and this year students are elated as they bagged top placements. The top international salary offered was Rs 55 lakh ($80,700) by Singapore-headquartered <keyword id="258856" type="COMPANY" weightage="20" keywordseo="Tolaram-Group">Tolaram Group</keyword> and the highest domestic offer of Rs 28.74 lakh was made by <a href="http://www.businessinsider.in/searchresult.cms?query=Colgate-Palmolive&amp;sortorder=effectivedate">Colgate-Palmolive</a>. 
 
The average salary for the institute has shot up considerably as it touched Rs 18.89 lakh from Rs 18.53 lakh last time. 
 
Reportedly, four offers were made by the Tolaram Group, which is in consumer goods, digital services, energy and infrastructure in emerging markets, eight by Anheuser-Busch InBev, the world's largest brewing company. Also <a href="http://www.businessinsider.in/searchresult.cms?query=Johnson+%26+Johnson&amp;sortorder=effectivedate">Johnson &amp; Johnson</a> Dubai, <a href="http://www.businessinsider.in/searchresult.cms?query=Philips+&amp;sortorder=effectivedate">Philips Lighting </a>and <keyword id="6444941" type="COMPANY" weightage="20" keywordseo="Pernod-Ricard">Pernod Ricard</keyword> each made one offer for global postings. 
 
According to MDI placements chairperson Kanwal Kapil, 343 students participated in the placement process - 238 from the flagship management course, 60 students from the human resource management course and 45 from the international management course. About 100 students received pre-placement offers based on their performance during summer internships. 
 
He also said that to make up for the decline in the offers made by the companies, more recruiters were invited. Of the 143 companies that participated, 54 were first-timers including <a href="http://www.businessinsider.in/searchresult.cms?query=Aditya+Birla&amp;sortorder=effectivedate">Aditya Birla</a> Fashion Retail, Crompton Greaves, Directi and Hindware. The regulars were <keyword id="6355975" type="CITY" weightage="20" keywordseo="Axis-Bank">Axis Bank</keyword>, ICICI Bank, ITC, <keyword id="50041" type="CITY" weightage="20" keywordseo="KPMG">KPMG</keyword> and <keyword id="113571" type="CITY" weightage="20" keywordseo="Godrej-Industries">Godrej Industries</keyword>, among others.

This B-school saw sharp increase in international offers; highest salary offered was Rs 55 lakh

The final placement season of the institute saw the participation of 411 students, who received over 450 offers across job profiles from the top recruiters. A total of 162 pre-placement offers were given to the students before the beginning of the final placements based on their performances during the summer internship out of which 133 offers were accepted by the students. 
 
 Global banks 
 IIM Bangalore played host to most leading global banks on the first-day of the Final Placements. Goldman Sachs made 14 offers, including PPOs. Citi Bank, <keyword id="6358584" type="CITY" weightage="20" keywordseo="HSBC">HSBC</keyword>, Morgan Stanley and Standard Chartered were the other key participants. Among banks and financial firms, <keyword id="91294" type="CITY" weightage="20" keywordseo="American-Express">American Express</keyword> made eight offers followed by YES Bank, ICICI Bank, Visa, and so on. 
 
Consulting companies 
 In the strategy consulting domain, the <keyword id="136162" type="CITY" weightage="20" keywordseo="Boston-Consulting-Group">Boston Consulting Group</keyword> led with 20 offers (including PPOs) followed by Accenture Strategy, McKinsey &amp; Co, Bain &amp; Company, Deloitte and AT Kearney. 
 
Indian conglomerates 
 Indian groups were led by the <keyword id="6359480" type="PERSON" weightage="20" keywordseo="Aditya-Birla">Aditya Birla</keyword> Group, followed by Wipro Global, Bharti Airtel, Mahindra Group, Tata Administrative Services and <keyword id="6355199" type="CITY" weightage="20" keywordseo="Reliance-Industries">Reliance Industries</keyword>. 
 
New recruiters 
 
New recruiters were by Sprinklr making six offers followed by Sterlite Power, BNY Mellon, Power Finance, Vedanta and others. 
 
Sales and Marketing 
 Many students opted for Sales and Marketing roles and were extended offers by major consumer goods firms led by Anheuser-Busch Inbev. Other leading recruiters in this category were Proctor &amp; Gamble, <keyword id="6365619" type="CITY" weightage="20" keywordseo="Hindustan-UniLever">Hindustan Unilever</keyword>, ITC, Johnson &amp; Johnson and Marico. 
 
Technology 
 Prominent recruiters in the technology space included Samsung, Tech Mahindra, Microsoft, WNS, Directi, Sterlite Technologies, Microland, Sasken, UnitedHealth Group, Schneider Electric, Phillips, <keyword id="369118" type="PERSON" weightage="20" keywordseo="Robert-Bosch">Robert Bosch</keyword>, Honeywell and Sutherland Global. Capgemini, IBM Consulting and Cognizant Business were the top recruiters in IT consulting. 
 
E-commerce 
 
E-commerce players showed reduced interest compared to last year, with Amazon leading with 12 offers. Other key recruiters included Ola Cabs, Paytm, Myntra and Uber (1). Analytics recruiters included Mu Sigma (1) and Bridgei2i (1). 
 
The healthcare sector saw offers from Dr Reddy’s, and from the real-estate sector offers were made by Nitesh Estates and Altisource Ocwen.

From Tech and FMCG firms to Banks, Consulting Groups, it's raining jobs at IIM Bangalore

<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="AP Photo/Jeff Chiu" title_caption="Facebook CEO Mark Zuckerberg surrounded by reporters." class="zoomin" href="https://static-ssl.businessinsider.com/image/5351900469bedde511c60a3e-960/mark-zuckerberg-168.jpg"></a>AP Photo/Jeff ChiuFacebook CEO Mark Zuckerberg surrounded by reporters.</div></div></div>There are lots of best practices and tips out there for how to get a job at places like Google and Facebook. <a href="http://www.businessinsider.com/traits-that-will-get-you-a-job-at-google-2014-2">Be humble</a>, care about the company, demonstrate leadership, <a href="http://www.businessinsider.com/i-got-hired-by-google-without-a-degree-2013-6">fake it 'til you make it</a>. Whatever it may be. But let's be honest, there is a lot that can go wrong in that high-pressure, high-stakes interview.
<a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook">These Quora-users </a>confess to the wondrous ways in which they screwed up their interviews. Think of it as a "What not to do." Or just be grateful it wasn't you.
We've edited a few and excerpted them here.
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Prashant-Tibrewal">It's probably best to let them ask the questions.</a> </h2>
Prashant Tibrewal: I had my interview scheduled for Facebook at campus selections. I was excited and a bit nervous about the interview. As the interview started, the interviewer was telling a bit about what he was working on (just to make me comfortable). I got excited on that and kept asking questions about that for about 25 minutes.
And believe it or not that was the blunder I did because after those 25 minutes he asked me a question for which I figured out the algorithm fast but couldn't complete the code as the interview span was 50 mins. And hence I didn't even get to the second round.
And that was the day when I vowed to never ask my interviewer any question.
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Rajat-Khandelwal">Carrying another company's bag is not the greatest idea.</a></h2>
<div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="Justin Sullivan/Getty Images" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/51cdefcb6bb3f71d54000001-960/168808550.jpg"></a>Justin Sullivan/Getty Images</div></div></div>Rajat Khandelwal: I cleared two (screening) rounds of Google interview and the third round was to be done in the Bangalore office. Just a couple days before the date I got a job offer from InMobi. Now before the Google Interview I knew I'd prefer working at InMobi even if I got an offer from Google. So I wasn't very tense about the interview.
So on the day of interview, I went to their office and just as I reached there, I realized that the bag I had was the one I got from InMobi. I didn't think ahead and brought the bag. I don't know but I like to think that was one factor.
The interviewer asked a few questions which I answered as best as I could. And in the end I asked him this question:
"I've heard rumors that all good projects at Google are moved to MtV office so working at Google India is not as great as the name suggests. How true is that?"
And I realized very late that it was an inappropriate thing to ask. And even though my interview went great, my application was terminated at that level.
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Doug-Luce">Don't bring in the competition</a>.</h2>
<div class="KonaFilter image-container float_right click-to-enlarge" style="width:436px"><div class="image"><a title_source="Business Insider" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/530c7fba6da8110c15fadc6b-960/img_0247-2.jpg"></a>Business Insider</div></div>Doug Luce: By pulling out an iPad mid-interview to Google the interviewer's question.
The guy became visibly agitated and told me I couldn't do that. The rest of the interview went downhill from there.
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Pierce-Wetter">Don't not listen</a>.</h2>
Pierce Wetter: ...At Google I was asked about A/B testing. Playing it back in my head I realize the interviewer was fishing for an answer with Chi2 or a T test .
I ignored that at the time because I don't believe in that type of analysis even though I know how to do it. I believe in: having a product vision, listening to your customers, and watching what they do and why. Choosing one layout over another based on a 52/48% split isn't product design. In fact it probably means you are either iterating on something that doesn't matter or don't understand the problem yet.
Put another way, statistics on user behavior can be a compass but it's not a map.
That all would have been a great thing to say in an interview (they might not have agreed but then I would know something too) but that's not what I said. Instead I just said I'd want to see 2x one vs the other.
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Prakash-Deivakani">Always be sure you're solution is correct.</a></h2>
Prakash Deivakani: I was interviewed by Ajay Somani of Facebook (Red in Topcoder). I was a grey coder by then.
<a href="I%20was%20interviewed%20by%20Ajay%20Somani%20of%20Facebook%20(Red%20in%20Topcoder).%20I%20was%20a%20grey%20coder%20by%20then.%20%20I%20was%20asked%20to%20solve%20a%20problem%20on%20a%20board.%20I%20made%20a%20mistake%20and%20he%20asked%20" Are20you20sure20your20solution20is20correct.20I20figured20a20mistake20and20corrected20it.20He20again20asked20Are20you20sure20your20solution20is20correct.20I20again20found20a20mistake20and20corrected20it.20He20again20asked20me20Are20you20sure20your20solution20is20correct.20I20was20silent20for20a20while.20He20told20Your20solution20is20correct.20You20can20wait20outside.2020Moral:20Be20quick20precise20and20confident=""><div class="KonaFilter image-container display-table float_right click-to-enlarge"><div><div class="image"><a title_source="flickr/pete" title_caption="" class="zoomin" href="https://static-ssl.businessinsider.com/image/51718030ecad04e16500000f-960/economics-whiteboard.jpg"></a><a href="http://www.flickr.com/photos/gustavthree/2513931849/">flickr/pete</a></div></div></div></a>I was asked to solve a problem on a board. I made a mistake and he asked, "Are you sure your solution is correct?" I figured out a mistake and corrected it. He again asked, "Are you sure your solution is correct?" I again found a mistake and corrected it. He again asked me, "Are you sure your solution is correct?" I was silent for a while. He told me, "Your solution is correct. You can wait outside."
Moral: Be quick, precise and confident
<h2><a href="https://www.quora.com/Programming-Interviews/How-did-you-screw-up-your-interview-with-a-tech-company-like-Google-Facebook/answer/Nakul-Agrawal">Get some sleep</a>.</h2>
Nakul Agrawal: I was interviewing with Intel India Pvt. Ltd. and it was 5:30 AM in the morning and had just completed an interview with DirectI from 2 AM - 4 AM. And I had Nvidia coming up next morning at 10 AM.
Earlier that day I had given two written tests for DirectI (one of 1 hour and another of 3 hours). And yet there I was sitting in a black suit all ready for my interview at 5:30 AM.
You can imagine the stress and tiredness.
So I walk in, he asks me to sit down and asks my name. I give a fake smile and tell him my name. He then directly starts with the technical questions.
Interviewer: Can you write code for merge sort?
Me: Do you really want me to write the code for merge sort? Won't an explanation suffice? (I mean it is a well known algo! What can you possibly test by that?!)
Interviewer: Yes. Please write the code.
Me (writing on the paper) - void mergesort(int a[], int n) { }
Me: Do you really want me to write the code?
Interviewer: Yes
Me: I am not able to write it.
Interviewer (Smiles): Thanks. That will be enough.
...Now that's how you screw up interviews.

These Guys Confess To Their Worst Mistakes Made During Tech Job Interviews

Good morning, AdLand. Here's what you need to know today:
Stephen Colbert will be starring in two Super Bowl ads for Wonderful Pistachios. It will kick off a year-long <keyword id="35666" type="COMPANY" weightage="100" keywordseo="advertising">advertising</keyword> campaign with the Emmy-winning host of "The Colbert Report." "Since I was a child, I've dreamed of working with America's premiere nut company," <a href="http://getcrackin.com/press/stephen-colbert-makes-superbowl-debut-with-wonderful-pistachios/">he said</a>.
<div class="KonaFilter image-container"><div class="image">Wonderful Pistachios</div></div>
Tony Malcolm has left Leo Burnett London to become executive creative director at DDB. The agency will be utilizing his experience working with McDonald's, <a href="http://www.adweek.com/news/advertising-branding/tony-malcolm-ddbs-new-creative-chief-mcdonalds-154767">reports Adweek</a>.
In other fast food news, Burger King <a href="http://adage.com/article/agency-news/burger-king-splits-lead-agency-mother/290931/">has split with Mother</a>, its lead agency since last February. Recently, the chain named the independent shop Horizon its media agency.
Critical Mass has some big changes: It has named Conor Brady CCO and Chris Hayes CMO, and has merged its London offices with Agency Republic.
Meredith Corporation, a media company focused on a female audience, has named Chip Schenck vice president/programmatic sales and strategy. Schenck previously worked at PubMatic. 
Stacy Garnand <a href="http://www.mediabistro.com/agencyspy/monday-odds-and-ends-203_b58958">is now an account director</a> at Portland agency Pollinate, whose clients include Louis Vuitton Moët Hennessy and Wilson Sporting Goods. 
San Francisco's ATTIK will be <a href="http://www.mediabistro.com/agencyspy/monday-odds-and-ends-203_b58958">reworking the branding</a> of luxury fashion company Beulah London. 
Matt Andrews has returned to Thirsty Boy after spending time at Laughlin Constable. He will run the LA office and serve as vp, director of development.
True[X] Media has named Sean Finnegan chief strategy officer.
Industry veterans David Adelman (OCD Media) and Nader Ashway (Ashway Group) have joined with marketer Mark Kolier (Tempur-Pedic, American Express) to found the agency moddern marketing in New York City. 
<a href="http://www.adweek.com/news/advertising-branding/power-players-publicis-omnicom-merger-154703">Adweek speculates</a> on who may take the helm in the Publicis-Omnicom merger, which will likely get pushed to the second quarter. 
Previously on Business Insider Advertising:
<ul>
<li><a href="http://www.businessinsider.com/doritos-crash-the-super-bowl-viii-2014-1">The Projected Winner Of Doritos' Fan-Made Super Bowl Ad Is Absolutely Disgusting</a></li>
<li>
<a href="http://www.businessinsider.com/macklemore-adds-dr-pepper-to-endorsements-2014-1">Anti-Consumerist Rapper Macklemore Adds Dr Pepper To Growing List Of Endorsement Deals</a>
</li>
<li>
<a href="http://www.businessinsider.com/nz-transport-agencys-mistakes-2014-1">This Safe Driving Ad From New Zealand Will Give You The Chills</a>
</li>
<li>
<a href="http://www.businessinsider.com/pg-pick-them-back-up-sochi-olympics-ad-2014-1">P&amp;G Made An Awesome Sequel To Its Tearjerker 'Thank You, Mom' Ad From The 2012 Olympics</a>
</li>
<li>
<a href="http://www.businessinsider.com/david-beckhams-hm-super-bowl-commercial-2014-1">David Beckham's H&amp;M Super Bowl Commercial Will Allow You To Buy The Clothes He Wears Directy From Your TV</a>
</li>
<li>
<a href="http://www.businessinsider.com/super-bowl-ads-less-effective-than-average-2014-1">Study Says Most Super Bowl Ads Are Actually Less Effective Than The Average Commercial</a>
</li>
<li>
<a href="http://www.businessinsider.com/new-old-spice-commercial-is-fantastic-2014-1">The New Old Spice Ad Is Terrifying For Teenage Boys And Hilarious For The Rest Of Us</a>
</li>
<li>
<a href="http://www.businessinsider.com/advertising-30-under-30-nomination-call-2013-12">Tell Us Who Are The 30 Most Creative People In Advertising Under 30</a>
</li>
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